TEMPE, ARIZ. — DCT Industrial Trusthas purchased Broadway Industrial Portfolio, a three-building, 308,038-square-foot portfolio in Tempe, for $22 million. The acquisition includes an 110,000-square-foot building at 1005 W. Alameda Drive; a 96,437-square-foot building at 2910 S. Hardy Drive; and a 101,601-square-foot building at 2925 S. Roosevelt Street. All three buildings are Class A, institutional-quality properties that offer manufacturing, distribution and office space. Notable tenants include United Stationers Supply Co., ACI Plastics, Misty Mate and Triumph Group. Pat Harlan, Steve Sayre and Kyle Westfall of Jones Lang LaSalle will handle the portfolio’s leasing efforts.
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RENO, NEV. — Ardagh Group has purchased a 330,000-square-foot, Class A manufacturing facility in the Tahoe Reno Industrial Center for $11.5 million. The property is located at 900 Waltham Way in McCarran, which is just east of Reno. The acquisition also includes two 18-acre parcels on the east and west sides of the building that can be used for future expansion. The glass and metal packaging solutions company will invest $20 million to retrofit the new facility. It hopes to begin production in January 2014. Ardagh was represented by Dave Simonsen, J. Michael Hoeck and Michael Nevis of the NAI Industrial Properties Team. The seller was not named.
PHOENIX — CNL Healthcare Properties has purchased six medical facilities throughout the U.S. for $59.5 million. Four of these facilities are located out West. They include the John C. Lincoln Medical Plaza I and II and North Mountain Medical Plaza in Phoenix, as well as Escondido Medical Arts Center in the San Diego submarket of Escondido. The Phoenix properties contain a total of 73,666 square feet. They are leased to multiple tenants, including John C. Lincoln/Scottsdale Health, which occupies about 45 percent of the buildings. The 49,302-square-foot Escondido Medical Arts Center in Escondido is an outpatient medical office building that is leased to tenants like Graybill Medical Group.The Phoenix properties will be managed and leased by Holladay Properties’ healthcare division. The San Diego facility will be managed by Lincoln Harris CSG, an affiliate of Lincoln Property Company.The remaining properties are located in Ohio and Kansas. The portfolio contains a total of 181,890 square feet throughout a mix of single- and multi-tenant buildings.
BELMONT, CALIF. — Grosvenor Americas has purchased the 195-unit Carlmont Woods Apartments in Belmont for an undisclosed sum. The community is located at 2515 Carlmont Drive just northwest of Silicon Valley. Grosvenor plans to renovate the unit’s interiors and common-area amenities. Carlmont Woods is the firm’s first apartment acquisition in the Bay Area. The property was marketed by Kara Wiard of Eastdil Secured.
LAS VEGAS – FPA has purchased the 210-unit Indigo Creek in the Las Vegas submarket of Summerlin for $19.6 million. The community is located at 2200 Club Pacific Way. FPA was represented by David Baird and Brandon Baird of Sperry Van Ness’ Las Vegas office. The seller, Tomanek, was represented by Michael Miyagishima of the firm’s San Francisco office.
ADAIRSVILLE, GA. — Georgia Gov. Nathan Deal has unveiled that Shaw Industries Group Inc. will build a new carpet tile manufacturing facility in Adairsville, located in Georgia's Bartow County. Shaw is expected to make an $85 million investment in the new project and create 500 new jobs. The company will build and equip a facility in the 600,000 to 700,000-square-foot range. The new facility will be located on a 117.6-acre parcel near the intersection of Highway 140 and Hall Station Road. Construction on the facility is expected to begin in 2014. Shaw currently operates six facilities other facilities in Bartow County and employs nearly 15,000 people throughout Georgia.
BIRMINGHAM, ALA. — Beech Street Capital has provided $36.5 million in FHA 223(f) loans to refinance The Oaks at Lakeshore and The Oaks of St. Clair in Birmingham. The Oaks at Lakeshore is a 266-unit complex featuring a fitness center, theater room, cyber-cafe, swimming pool, dog park, car center, playground and tennis court. The Oaks at St. Clair is a 192-unit complex featuring a fitness center, laundry facility, car wash bay/car care center, swimming pool and a gated entrance. The property is located in east of Birmingham in Moody. Chad Thomas Hagwood of Beech Street's Alabama office originated the 35-year loans, which both feature a 35-year amortization schedule.
HOLLYWOOD, FLA. — Marcus & Millichap has brokered the $1.3 million sale of Arthur Street Apartments, a 20-unit community located at 6051 Arthur St. in Hollywood. Derek Gibbs, Daniel Cunningham and Tal Frydman of Marcus & Millichap's Fort Lauderdale office represented the seller, a limited liability company based in Hallandale, Fla., in the transaction. Gibbs, Cunningham, Frydman and Hernando Perez, also with Marcus & Millichap's Fort Lauderdale office, represented the buyer, a private investor based in Hollywood.
RICHMOND, VA. — Cushman & Wakefield | Thalhimer has arranged the sale of the former Douglas-Baird House, a 6,000-square-foot office property located at 101 E. Cary St. in Richmond. Pete Waldbauer and Mac Wilson of Cushman & Wakefield | Thalhimer represented the buyer, Madison Avenue Investments LLC, in the $685,000 transaction. Stuart Grove Investments LLC was the seller. Madison + Main will occupy the building.
CLEVELAND AND KANSAS CITY, KAN. — CNL Healthcare Properties has acquired five medical office buildings and one specialty hospital for $59.5 million. The properties are located in the Cleveland; Kansas City, Kan.; San Diego, Calif.; and Phoenix metropolitan areas. The 181,890-square-foot portfolio includes Cleveland Clinic Chestnut Commons Medical Office Building in Elyria, Ohio; Doctors Specialty Hospital Medical Office Building in Leawood, Kan.; The John C. Lincoln Medical Plaza I and II and North Mountain Medical Plaza in Phoenix.; and Escondido Medical Arts Center in Escondido, Calif. The properties in Ohio, Kansas, and Phoenix will be managed and leased by the healthcare division of Holladay Properties.